The move comes after the Indian government last week agreed to allow megastore retailers to enter the country through joint ventures.

Wal-Mart, the world’s biggest retailer, has not yet decided where or how many stores it would like to have in India, Price told the newspaper.

Price added that the company expects to continue its current partnership with Bharti Enterprises in a chain of 17 cash-and-carry stores, but it is not in discussions with any other companies for a potential retail partnership. Reuters